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WPP (WPP) was upgraded to a Hold Rating at Barclays

Tipranks - Sat Feb 28, 4:20AM CST

WPP received a Hold rating and a £3.00 price target from Barclays analyst Julien Roch today.

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Roch covers the Communication Services sector, focusing on stocks such as Omnicom Group, WPP, and Vivendi. According to TipRanks, Roch has an average return of 0.4% and a 42.86% success rate on recommended stocks.

In addition to Barclays, WPP also received a Hold from Citi’s Ciaran Donnelly in a report issued today. However, yesterday, Bank of America Securities maintained a Sell rating on WPP (LSE: WPP).

Based on WPP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p6.66 billion and a net profit of p44 million. In comparison, last year the company earned a revenue of p7.23 billion and had a net profit of p205 million

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.

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